Levi & Korsinsky Announces Under Armour Class Action Investigation; UA Lawsuit

Class Action Reports

Levi & Korsinsky Announces Under Armour Class Action Investigation; UA Lawsuit

Levi & Korsinsky, LLP

November 14, 2019

Levi & Korsinsky, LLP announces that a UA class action lawsuit has been commenced on behalf of investors who purchased Under Armour, Inc. (UA) securities between August 3, 2016 and November 1, 2019. For more on the Under Armour Class Action please contact us today.

According to the Under Armour lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Under Armour shifted sales from quarter to quarter to appear healthier, including to keep pace with their long-running year-over-year 20% net revenue growth; (2) undisclosed to the investing public, the Company had been under investigation by and cooperating with the U.S. Department of Justice and U.S. Securities and Exchange Commission since at least July 2017; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

TO LEARN MORE ABOUT THE UA CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/under-armour-inc-loss-form?wire=9&prid=4333

If you suffered a loss in Under Armour you have until January 6, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com